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Council of Financial Regulators

Safe and Effective Competition in Cash Equity Settlement in Australia

In March 2017, the Council of Financial Regulators (CFR) and the Australian Competition and Consumer Commission (together, the Agencies) released a consultation paper: Safe and Effective Competition in Cash Equity Settlement in Australia (Consultation Paper).

The purpose of this consultation was to explore possible implications of competition in settlement of cash equities in Australia for the functioning of markets, financial stability and access, and to invite feedback on the development of policy guidance to ensure that any such competition is safe and effective. The consultation did not review the policy case for competition in settlement, noting that the government has previously endorsed a position of openness to competition.

The Agencies invited views on the issues raised in relation to the need for policy guidance with respect to competition in settlement of cash equities in Australia as outlined in the Consultation Paper.

This consultation closed on 20 April 2017.

For further details, please see the CFR consultation paper: Safe and Effective Competition in Cash Equity Settlement in Australia .

In September 2017, the CFR published the report Safe and Effective Competition in Cash Equity Settlement in Australia: Response to Consultation, and a policy statement setting out Minimum Conditions for Safe and Effective Competition in Cash Equity Settlement in Australia. For further details please see the CFR’s Media Release.

Members of the Council of Financial Regulators

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Australian Prudential Regulation Authority  logo

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